According to an article in ThisDayLive dated 24 April 2012, Tunde Lemo, the deputy governor of operations for the Central Bank of Nigeria, defended the bank’s plans to stop the printing of lower denominations of the naira in polymer and revert to paper currency because the former reportedly fades tooRead More…
According to an artilce in PM News dated 11 March 2013, the Central Bank of Nigeria will cease printing polymer notes because of complaints that the notes fade and shrink over time, and environmental concerns regarding their disposal when unfit.Read More…
According to the following press release issued 20 September 2012, the president of Nigeria has instructed the central bank to halt plans to restructure the nation’s currency following public concerns about inflation that erupted after last month’s announcement that a 5,000-naira note would be issued in Q1 2013. Update onRead More…
According to an article in allAfrica dated 12 September 2012, the Central Bank of Nigeria plans to no longer print banknotes on polymer due to higher costs (a result of Australia-based Securency’s monopoly on the substrate) and environmental issues. Currently the bank issues polymer notes in its lowest denominations ofRead More…
According to an article on WorldStage dated 23 August 2012, the Central Bank of Nigeria has announced plans to introduce a new 5,000-naira (US$32) banknote in the first quarter fo 2013. The restructuring exercise, code-named Project Cure, will change the naira currency structure to 12, comprising of six coins andRead More…
5 naira (US$0.05), 2011. Like B234 (PNL), but new date. Courtesy of Arigo Avbovbo.Read More…
, 100 naira (US$0.70), 2012. Like B226 (P28), but new date and new signatures (Sanusi Lamido Sanusi and Muhammad Nda). 100 naira (US$0.70), 2012. Like B226 (P28), but new date and new signatures (Sanusi Lamido Sanusi and Mahmoud K. Umar). Courtesy of Arigo Avbovbo.Read More…
200 naira (US$1.45), 2012. Like B227 (P29), but new date. Courtesy of Arigo Avbovbo.Read More…
1,000 naira (US$7.15), 2012. Like CBN B29 (P36), but but new date and new signatures (Sanusi Lamido Sanusi and Mahmoud K. Umar). Courtesy of Arigo Avbovbo.Read More…
According to an article in Leadership dated 13 May 2012, the Central Bank of Nigeria is contemplating introducing 2,000- and 5,000-naira (US$13 and $31, respectively) notes, as well as replacing the 10-, 20-, and 50-naira notes with coins.Read More…